Raging River Exploration Inc to Post Q3 2017 Earnings of $0.07 Per Share, Cormark Forecasts (RRX)
Raging River Exploration Inc (TSE:RRX) – Analysts at Cormark decreased their Q3 2017 earnings estimates for shares of Raging River Exploration in a report issued on Friday. Cormark analyst G. Ursu now expects that the company will earn $0.07 per share for the quarter, down from their previous estimate of $0.10. Cormark also issued estimates for Raging River Exploration’s Q4 2017 earnings at $0.09 EPS, FY2017 earnings at $0.31 EPS, Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $0.51 EPS and FY2019 earnings at $0.50 EPS.
RRX has been the topic of several other research reports. TD Securities upgraded Raging River Exploration from a “buy” rating to an “action list buy” rating and set a C$11.50 price target on the stock in a research note on Tuesday, May 23rd. AltaCorp Capital lowered Raging River Exploration from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, April 11th. Royal Bank Of Canada decreased their price target on Raging River Exploration from C$13.00 to C$10.00 in a research note on Thursday, July 20th. Finally, Canaccord Genuity lowered Raging River Exploration from a “buy” rating to a “hold” rating and decreased their price target for the company from C$11.50 to C$10.00 in a research note on Tuesday, May 9th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$11.75.
Shares of Raging River Exploration (RRX) opened at 7.54 on Monday. Raging River Exploration has a one year low of $7.36 and a one year high of $11.87. The company has a market cap of $1.74 billion and a PE ratio of 37.33. The stock’s 50 day moving average price is $7.99 and its 200 day moving average price is $8.58.
About Raging River Exploration
Raging River Exploration Inc, a junior oil and gas production company, engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. It primarily holds interests in the Viking oil resource play located in the Dodsland area in Southwestern Saskatchewan and southeast Alberta.
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